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how to do a pmt function in excel. Pv required argument The present value or total amount that a series of future payments is worth now. PMT function in Excel is used to calculate the payments that need to be paid for any loan or investment amount at a fixed rate of interest with the same constant amount.
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The PPMT function in Excel calculates the principal part of the payment. Nper required - the number of payments for the loan ie. The reason behind naming the function as PMT is because it calculates the payment amount.
The PV Function Excel will be given as rate7412 nper45 pmt-125000.
Defaults to 0 zero. If the Nper value is 0 then it will throw a NUM error. Excel lets a person find monthly installment on a loan amount using the function having principle amount or loan amount interest rate per month and the period of payment. For example if you make annual payments on.
